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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (3070)	7/17/1998 5:03:00 PM
From: Cynic 2005	Read Replies (2) \| Respond to of 86076

More on trade deficit. << The rise in imports in May was mainly due to capital equipment and autos. Imports of capital equipment rose $765 million to $23.1 billion. Imports of computer accessories rose 5.4 percent to $5.6 billion and imports of aircraft soared 29 percent to $641 million. Imports of semiconductors fell 3 percent to $2.8 billion. Imports of autos rose 3 percent to $12.5 billion. Imports of consumer goods fell 2.1 percent to $17.9 billion on lower shipments of pharmaceuticals, artwork and toys. Imports of stereos and TVs rose. Imports of industrial supplies and materials rose 0.5 percent to $17.4 billion on higher imports of iron and steel. Imports of petroleum fell 7.1 percent to $3.3 billion as the volume fell from April's record level of 10.1 million barrels a day to 9 million. Imports of foods rose 1.4 percent to $3.4 billion. On the export side, the drop was mainly due to autos, capital goods and consumer goods. Exports of autos fell 7.5 percent to $6 billion, mostly on exports to Canada and Mexico. Exports of capital equipment dropped 0.4 percent to $23.7 billion. Exports of telecommunications equipment plunged 12.7 percent to $1.9 billion while exports of semiconductors sank 4.4 percent to $2.9 billion. Exports of a variety of engines, industrial machines and computers also fell. Exports of aircraft rose 27.4 percent to $2.1 billion. Exports of foods and feeds dropped 3 percent to $3.6 billion. Exports of wheat rose 20 percent. Exports of consumer goods fell 7.9 percent to $6.5 billion. Exports of industrial supplies rose 4.5 percent to $12.5 billion. >>

To: MythMan who wrote (3070)	7/20/1998 8:46:00 AM
From: Joseph G.	Respond to of 86076

Ten months ago was a $2B market cap Co. <<SAN DIEGO, July 20 (Reuters) - FPA Medical Management Inc. (FPAM - news) said Monday it had agreed with its largest creditors on a restructuring of the company and has filed for a plan of reorganization, along with petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code. The physician practice management company said it expects to file a disclosure statement and full reorganization plan by September 30 and expects to successfully exit Chapter 11 by December 31. Under the terms of the agreement, existing equity holder interests would be cancelled. Warrants would be issued to general unsecured creditors to purchase an aggregate of 3 percent of new common stock, and securities would be issued on a pro rata basis to members of its pre-petition bank group in exchange for the outstanding debt. The plan also authorizes up to 40 million shares of new common stock, 20 million of which would be available for distribution to senior creditors. There would be a stock option program for management to purchase, in the aggregate, 8 percent of the shares of the new common stock of the company on a fully diluted basis.>> Note: (i) old stockholders got wiped out, (ii) old management gets 3M new shares.